First Financial Bank Mortgage Rates, Fees & Info

Abilene, TX

LEI: 549300IVURCTJ6QVMD67

Tax ID: 75-0264200

5 stars - Updated: 5/27/24 - out of 5 stars, based on 62 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

First Financial Bank is a small bank specializing in Home Purchase loans. First Financial Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Abilene, Houston, Beaumont, and College Station among others. We have data for 65 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Financial Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Financial Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 5/27/24
30 Year Conventional Purchase 6.71% 5/27/24
30 Year Conventional Refi 6.54% 5/27/24
30 Year Cash-out Refi 6.77% 5/27/24
30 Year FHA Purchase 7.64% 5/27/24
30 Year FHA Refi 7.40% 5/27/24
30 Year VA Purchase 6.23% 5/27/24
30 Year VA Refi 6.58% 5/27/24
30 Year USDA Purchase 6.94% 5/27/24
15 Year Conventional Purchase 6.52% 5/27/24
15 Year Conventional Refi 6.48% 5/27/24
15 Year Cash-out Refi 6.48% 5/27/24
15 Year VA Purchase 6.71% 5/27/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

First Financial Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Financial Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

3,808

Origination Dollar Volume (All Markets)

$1,020,270,000
Show all (21) awards

Relative Rate

First Financial Bank's average 30 year fixed mortgage rate was 6.93%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.45%.

Relative Fees (Closing Costs)

First Financial Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,957.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1,245 $426,135,000 $342,277 $5,059 7.52%
ABILENE, TX (FHA|USDA|VA) 709 $141,295,000 $199,288 $4,684 7.37%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 455 $126,795,000 $278,670 $4,668 7.54%
Outside of Metro Areas 242 $52,690,000 $217,727 $4,187 7.72%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 234 $45,300,000 $193,590 $4,843 7.55%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 144 $36,810,000 $255,625 $4,424 7.61%
SAN ANGELO, TX (FHA|USDA|VA) 160 $32,870,000 $205,438 $5,353 7.16%
Granbury, TX (FHA|USDA|VA) 101 $28,055,000 $277,772 $5,089 7.58%
Mineral Wells, TX (FHA|USDA|VA) 108 $22,630,000 $209,537 $5,380 7.80%
Stephenville, TX (FHA|USDA|VA) 95 $21,395,000 $225,211 $4,031 7.71%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 37 $14,895,000 $402,568 $6,424 7.24%
Glenwood Springs, CO (FHA|USDA|VA) 2 $7,010,000 $3,505,000 $0 7.69%
Huntsville, TX (FHA|USDA|VA) 30 $6,660,000 $222,000 $2,445 7.60%
Sweetwater, TX (FHA|USDA|VA) 45 $6,395,000 $142,111 $5,370 7.53%
ODESSA, TX (FHA|USDA|VA) 20 $4,210,000 $210,500 $4,001 7.32%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 10 $3,660,000 $366,000 $7,710 6.70%
El Campo, TX (FHA|USDA|VA) 21 $2,745,000 $130,714 $2,010 8.12%
Athens, TX (FHA|USDA|VA) 6 $2,610,000 $435,000 $2,724 7.33%
AMARILLO, TX (FHA|USDA|VA) 10 $2,520,000 $252,000 $8,307 8.06%
LUBBOCK, TX (FHA|USDA|VA) 10 $2,490,000 $249,000 $8,303 7.81%
Hereford, TX (FHA|USDA|VA) 19 $2,275,000 $119,737 $1,853 7.53%
WACO, TX (FHA|USDA|VA) 6 $2,070,000 $345,000 $11,897 7.63%
Brownwood, TX (FHA|USDA|VA) 8 $2,060,000 $257,500 $4,420 7.42%
Corsicana, TX (FHA|USDA|VA) 9 $2,035,000 $226,111 $3,283 7.39%
MIDLAND, TX (FHA|USDA|VA) 7 $1,885,000 $269,286 $5,062 7.61%
Ruidoso, NM (FHA|USDA|VA) 4 $1,810,000 $452,500 $5,691 7.72%
WICHITA FALLS, TX (FHA|USDA|VA) 10 $1,620,000 $162,000 $8,223 7.56%
Bay City, TX (FHA|USDA|VA) 4 $1,420,000 $355,000 $3,864 7.61%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 4 $1,320,000 $330,000 $4,083 7.94%
CORPUS CHRISTI, TX (FHA|USDA|VA) 3 $1,135,000 $378,333 $6,294 6.97%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,010,000 $505,000 $2,594 7.19%
Gainesville, TX (FHA|USDA|VA) 3 $995,000 $331,667 $8,808 7.40%
Rockport, TX (FHA|USDA|VA) 2 $990,000 $495,000 $5,916 7.45%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 2 $810,000 $405,000 $5,733 6.31%
Heber, UT (FHA|USDA|VA) 1 $755,000 $755,000 $7,673 6.75%
GAINESVILLE, GA (FHA|USDA|VA) 1 $715,000 $715,000 $5,392 7.63%
LONGVIEW, TX (FHA|USDA|VA) 4 $680,000 $170,000 $4,996 8.14%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $655,000 $655,000 $0 7.63%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $615,000 $615,000 $10,056 6.38%
Big Spring, TX (FHA|USDA|VA) 3 $605,000 $201,667 $0 8.40%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $590,000 $295,000 $4,603 6.63%
Brenham, TX (FHA|USDA|VA) 1 $575,000 $575,000 $12,938 7.20%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $545,000 $545,000 $0 7.50%
Port Lavaca, TX (FHA|USDA|VA) 2 $530,000 $265,000 $5,399 7.50%
Pampa, TX (FHA|USDA|VA) 1 $525,000 $525,000 $0 9.00%
TYLER, TX (FHA|USDA|VA) 1 $505,000 $505,000 $7,842 8.75%
SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $425,000 $141,667 $1,498 7.47%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $415,000 $415,000 $14,111 6.88%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $345,000 $345,000 $3,498 7.13%
Boone, NC (FHA|USDA|VA) 1 $325,000 $325,000 $4,578 7.00%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $325,000 $325,000 $9,100 7.13%
Batesville, AR (FHA|USDA|VA) 1 $275,000 $275,000 $4,763 8.50%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $265,000 $265,000 $3,719 7.63%
Clovis, NM (FHA|USDA|VA) 1 $245,000 $245,000 $0 8.25%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $245,000 $245,000 $3,907 7.63%
Sulphur Springs, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 8.50%
TULSA, OK (FHA|USDA|VA) 1 $245,000 $245,000 $5,719 6.88%
EL PASO, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.75%
Hobbs, NM (FHA|USDA|VA) 1 $175,000 $175,000 $4,668 5.75%
Lufkin, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,947 8.50%
Hillsdale, MI (FHA|USDA|VA) 1 $125,000 $125,000 $0 7.63%
Snyder, TX (FHA|USDA|VA) 2 $110,000 $55,000 $0 8.58%
Bonham, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.30%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.50%
Paris, TX (FHA|USDA|VA) 1 $75,000 $75,000 $2,585 8.45%
First Financial Bank's top markets include Dallas, Abilene, Houston, Beaumont, and College Station among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,036 $827,540,000 $272,576 $4,227 7.50%
    HELOC 471 $104,265,000 $221,369 n/a 8.27%
    FHA 182 $44,440,000 $244,176 $9,903 6.64%
    VA 117 $43,605,000 $372,692 $9,328 6.26%
    USDA 2 $420,000 $210,000 $6,465 6.50%

    For 2023, First Financial Bank's most frequently originated type of loan was Conventional, with 3,036 originations. Their 2nd most popular type was HELOC, with 471 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,586 $829,810,000 $320,886 $6,089 7.27%
    Home Improvement 603 $72,125,000 $119,610 $827 8.07%
    Other 282 $32,280,000 $114,468 $480 8.20%
    Cash Out Refi 222 $55,140,000 $248,378 $2,279 7.90%
    Refi 115 $30,915,000 $268,826 $3,778 7.52%

    For 2023, First Financial Bank's most frequently cited loan purpose was Home Purchase, with 2,586 originations. The 2nd most popular reason was Home Improvement, with 603 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,904 $572,540,000 $300,704 $5,957 6.93%
    15 Year 658 $90,360,000 $137,325 $1,343 7.93%
    20 Year 654 $128,050,000 $195,795 $3,503 8.13%
    Other 278 $95,810,000 $344,640 $5,659 8.19%
    10 Year 160 $14,220,000 $88,875 $314 8.18%
    1 Year 73 $50,405,000 $690,479 $0 8.86%
    5 Year 44 $51,700,000 $1,175,000 $0 8.32%
    30+ year 37 $17,185,000 $464,459 $11,526 7.56%

    For 2023, First Financial Bank's most frequently cited loan duration was 30 Year, with 1,904 originations. The 2nd most popular length was 15 Year, with 658 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,611 $349,745,000 $217,098
    $1k-2k 474 $119,020,000 $251,097
    $2k-3k 227 $64,945,000 $286,101
    $5k+ 187 $102,585,000 $548,583
    $3k-4k 154 $50,670,000 $329,026
    $4k-5k 82 $31,330,000 $382,073

    First Financial Bank's average total fees were $5,957, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,611 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 1,515 $397,805,000 $262,578
    6-7% 1,089 $373,805,000 $343,255
    Over 8% 1,026 $195,660,000 $190,702
    5-6% 172 $50,920,000 $296,047
    4-5% 3 $1,275,000 $425,000
    <2.5% 2 $420,000 $210,000
    3-4% 1 $385,000 $385,000

    During 2023, First Financial Bank's average interest rate for loans was 6.93%, while their most frequently originated rate bucket for loans was 7-8%, with 1,515 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,354 $364,630,000 $269,298 $5,676 7.25%
    $100k-200k 1,021 $150,765,000 $147,664 $3,512 7.55%
    $100,000 or less 850 $53,480,000 $62,918 $801 8.09%
    $400k-600k 367 $176,215,000 $480,150 $8,015 7.11%
    $600k-1MM 152 $109,790,000 $722,303 $9,327 7.36%
    $1MM+ 64 $165,390,000 $2,584,219 $16,974 7.52%

    2023 saw First Financial Bank place emphasis on $200k-400k loans with 1,354 originations, totaling $364,630,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 743 $164,735,000 $221,716 $4,700 7.45%
    $150k-250k 707 $199,395,000 $282,030 $5,447 7.49%
    $75k-100k 643 $129,825,000 $201,905 $4,638 7.34%
    $50k-75k 586 $93,660,000 $159,829 $3,657 7.29%
    $250k+ 504 $229,720,000 $455,794 $7,344 7.55%
    $50k or less 206 $24,690,000 $119,854 $3,312 7.33%

    First Financial Bank lent most frequently to those with incomes in the $100k-150k range, with 743 originations. The second most popular income band? $150k-250k, with 707 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 602 $136,880,000 $227,375 $4,207 7.45%
    20-30% 578 $121,430,000 $210,087 $3,888 7.54%
    42% 279 $74,855,000 $268,297 $4,526 7.61%
    <20% 234 $57,180,000 $244,359 $4,074 7.62%
    41% 155 $42,055,000 $271,323 $4,459 7.51%
    39% 152 $32,860,000 $216,184 $4,100 7.42%
    38% 144 $34,880,000 $242,222 $4,712 7.27%
    40% 139 $32,405,000 $233,129 $4,225 7.42%
    37% 136 $32,390,000 $238,162 $5,157 7.51%
    50-60% 127 $37,065,000 $291,850 $8,903 6.95%
    43% 117 $34,635,000 $296,026 $5,693 7.30%
    36% 113 $27,155,000 $240,310 $3,921 7.41%
    46% 107 $32,955,000 $307,991 $6,197 6.99%
    49% 96 $29,970,000 $312,188 $5,267 6.95%
    47% 94 $25,500,000 $271,277 $5,477 6.86%
    45% 89 $25,265,000 $283,876 $6,598 7.00%
    48% 75 $20,665,000 $275,533 $6,099 7.06%
    44% 65 $16,155,000 $248,538 $6,075 7.04%
    >60% 44 $19,560,000 $444,545 $6,322 7.89%

    First Financial Bank lent most frequently to those with DTI ratios of 30-36%, with 602 originations. The next most common DTI ratio? 20-30%, with 578 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,805 $693,115,000 $247,100 $4,823 7.44%
    Not applicable 388 $171,160,000 $441,134 $5,494 8.31%
    Not provided 421 $108,095,000 $256,758 $4,695 7.39%
    Black 81 $18,695,000 $230,802 $5,421 7.29%
    Asian 62 $17,830,000 $287,581 $5,806 7.19%
    American Indian 45 $9,915,000 $220,333 $4,191 7.47%
    Native Hawaiian or Islander 6 $1,460,000 $243,333 $4,192 6.83%

    Approval Rates

    Total approvals of all applications
    88.52%

    First Financial Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.51%

    First Financial Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,808 $1,020,270,000 $267,928

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,808 $1,020,270,000 $267,928

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 517 $92,955,000 $179,797 $2,351 7.88%
    40-60% 447 $170,145,000 $380,638 $4,657 7.63%
    60-80% 897 $276,605,000 $308,367 $5,902 7.53%
    80-100% 1,438 $434,080,000 $301,864 $5,867 7.14%
    Over 100% 24 $8,040,000 $335,000 $14,564 6.59%
    Under 20% 484 $38,300,000 $79,132 $646 8.13%